Weir Group PLC Weir acquires SentianAI
23 Novembre 2023 - 8:00AM
RNS Non-Regulatory
TIDMWEIR
Weir Group PLC
23 November 2023
Weir acquires innovative developer of AI process optimisation
solutions
Weir, a global mining technology leader, has acquired SentianAI,
a Swedish-based developer of AI solutions that optimise performance
in minerals processing. With this acquisition, Weir is accelerating
its technology roadmap and expanding its digital capability to
provide enhanced productivity and sustainability offerings to
customers.
SentianAI, founded in 2016, is based in Malmö and has a team of
highly skilled software developers and data scientists. The
software that it develops uses advanced AI algorithms that
continuously learn and adapt to the dynamic processes within a
mine, providing continuous improvement and optimisation over
time.
Commenting on the acquisition, Jon Stanton, CEO of The Weir
Group said:
"Digital technology has an important role in helping address the
challenges of declining ore grades, production efficiency, and
CO(2) emissions for our customers. SentianAI's advanced software
solutions complement and will bridge our Synertrex(R) and Motion
Metrics(TM) technologies well. Together, these will enable us to
provide holistic performance monitoring and optimisation for smart,
efficient and sustainable mining. We welcome SentianAI's team of
experts to Weir."
Find out more about SentianAI at: https://sentian.ai/
Enquiries:
Investors: Edward Pears +44 (0) 141 308 3725
Media: Sally Jones +44 (0) 141 308 3666
Citigate Dewe Rogerson: +44 (0) 207 638 9571
Kevin Smith Weir@citigatedewerogerson.com
-------------------------------
About The Weir Group PLC
Founded in 1871, The Weir Group PLC is one of the world's
leading engineering businesses with a purpose to make its mining
and infrastructure customers' operations more sustainable and
efficient. Weir's highly engineered technology enables critical
resources to be produced using less energy, water and waste while
reducing customers' total cost of ownership. The Group is ideally
positioned to benefit from structural trends that support long-term
demand for its technology including the need for more essential
metals to support economic development and carbon transition. The
Group has c.12,000 employees operating in over 60 countries with a
presence in every major mining region of the world. Find out more
at www.global.weir.
Weir's ordinary shares trade on the London Stock Exchange
(ticker: WEIR LN) and its American Depositary Receipts trade
over-the-counter in the USA (ticker: WEGRY).
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAFZMZMNZDGFZM
(END) Dow Jones Newswires
November 23, 2023 02:00 ET (07:00 GMT)
Weir (LSE:WEIR)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Weir (LSE:WEIR)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024